U.S. exports of goods and services to the world also hit a record, reaching $3.2 trillion in 2024. That was driven by historic sales of U.S. services, like business and financial advising, as well as foreign spending on travel in the United States.

President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.

Few of the world’s financial markets were left unscathed by the fallout from Donald Trump’s tariff war this week, with Australia’s being among the hardest hit. Host Chris Bourke and Bloomberg cross-asset reporter Richard Henderson take a look at what this new bout of volatility means for stocks,

The world's two biggest economies are on the brink of an economically destructive trade war. Here's what experts think could happen next.

Tariffs are no longer a threat but a reality. Some business owners are stocking up on supplies to protect their bottom lines.